Report Update Nov 1, 2024

India - Currants and Gooseberries - Market Analysis, Forecast, Size, Trends and Insights

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India: Currant And Gooseberry Market 2024

Currant And Gooseberry Market Size in India

The Indian currant and gooseberry market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Currant And Gooseberry Production in India

In value terms, currant and gooseberry production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 39%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Currant And Gooseberry Exports

Exports from India

In 2021, overseas shipments of currants and gooseberries decreased by -3.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 531% against the previous year. The exports peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, currant and gooseberry exports fell rapidly to $X in 2021. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 428%. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for currant and gooseberry exports from India, with a 52% share of total exports. Moreover, currant and gooseberry exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2013 to 2021, the average annual growth rate of volume to Bangladesh stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+121.7% per year) and the United States (+137.8% per year).

In value terms, the United States ($X) remains the key foreign market for currant and gooseberry exports from India, comprising 49% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 12% share of total exports. It was followed by Bangladesh, with a 7.6% share.

From 2013 to 2021, the average annual growth rate of value to the United States amounted to +192.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+83.9% per year) and Bangladesh (+42.5% per year).

Export Prices by Country

In 2021, the average currant and gooseberry export price amounted to $X per ton, waning by -28.6% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 229%. The export price peaked at $X per ton in 2020, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Currant And Gooseberry Imports

Imports into India

Currant and gooseberry imports into India declined significantly to X kg in 2021, with a decrease of -54.3% compared with the previous year. Overall, imports saw a sharp shrinkage. The growth pace was the most rapid in 2019 when imports increased by 163%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, currant and gooseberry imports shrank rapidly to $X in 2021. Over the period under review, imports saw a precipitous slump. The pace of growth appeared the most rapid in 2019 when imports increased by 56%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Greece (X kg) and Myanmar (X kg) were the main suppliers of currant and gooseberry imports to India.

From 2014 to 2021, the biggest increases were in Greece (with a CAGR of -39.3%).

In value terms, Greece ($X) constituted the largest supplier of currant and gooseberry to India, comprising 69% of total imports. The second position in the ranking was held by Myanmar ($X), with a 31% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from Greece totaled -40.5%.

Import Prices by Country

The average currant and gooseberry import price stood at $X per ton in 2021, surging by 74% against the previous year. Overall, the import price, however, saw a deep downturn. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Greece ($X per ton), while the price for Myanmar stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+23.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for currants and gooseberries in the world?

Russia remains the largest currant and gooseberry consuming country worldwide, comprising approx. 58% of total volume. Moreover, currant and gooseberry consumption in Russia exceeded the figures recorded by the second-largest consumer, Poland, threefold. The third position in this ranking was occupied by Germany, with a 12% share.

What are the largest producers of currants and gooseberries in the world?

Russia remains the largest currant and gooseberry producing country worldwide, accounting for 58% of total volume. Moreover, currant and gooseberry production in Russia exceeded the figures recorded by the second-largest producer, Poland, threefold. Germany ranked third in terms of total production with a 11% share.

What are the leading suppliers of currants and gooseberries to India?

In value terms, Myanmar constituted the largest supplier of currant and gooseberry to India.

What are the leading importers of currants and gooseberries from India?

In value terms, the U.S. remains the key foreign market for currant and gooseberry exports from India, comprising 65% of total exports. The second position in the ranking was occupied by Bangladesh, with a 8.8% share of total exports. It was followed by Singapore, with a 7.6% share.

What is the average export price for currants and gooseberries in India?

In 2020, the average currant and gooseberry export price amounted to $1,572 per ton, with an increase of 116% against the previous year.

What is the average import price for currants and gooseberries in India?

The average currant and gooseberry import price stood at $4,789 per ton in 2020, approximately reflecting the previous year.

This report provides an in-depth analysis of the currant and gooseberry market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 550 - Currants
FCL 549 - Gooseberries

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023